Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
That's not true in all situations. I believe this one you might be chasing once the RS is done if they execute it properly.
Everyone needs to get on board with this
I have a large amount of shares I have locked down with a very high sell order good for a year. Everyone needs to do this to lock down the shorting.
NEW MM'S on the ASK this morning.
Someone needs to cut the power at PAULson Investments
THIS IS WHAT IS HAPPENING... This has been severely SHORTED
If the stock falls, the investor buys back the stock at a cheaper price, making money on the trade. If the stock rises, the investor has two choices: Wait for the stock to come back down, leaving the short-seller exposed to potentially greater losses, or buy it back and realize a loss.
These MM's have clearly shorted this stock by the HUGE BID quantities. They are scrambling to cover. Thats why they are driving this down today. Its a last ditch effort.
OTCX is not on the ASK but on the BID at .0165. That is our bottom. He wants in and knows it will not dip much past that.
Looking at Level 2, it looks like the shorts have been covered. PAUL is OFF the BID with his low bids. Or they have realized they can not cover and taking the loss.
The MM's are in panic mode trying to hold it down to cover their shorts. They have weird specific shares amounts on the BID. It is obvious they are scrambling.
THANK YOU REEPER & FRONTLOADING. I think patience is in order with this stock and will continue to hold my position.
I am honestly not sure
LISTING ON OTCMARKETS JUST CHANGED. I follow SGMD on OTCMARKETS.com and it has always showed VERIFIED PROFILE and TRANSFER AGENT VERIFIED. Today it just added PENNY STOCK EXEMPT. There definition listed is as follows.
"This security is exempt from the definition of a Penny Stock under SEC under Rule 240.3a51-1 because it meets one of the following tests: 1) A price of over $5 per share, 2) the issuer has Average Revenue of at least $6 million for the last 3 years, or 3) the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years."
Until there is the Closing of BZRTH or A New Bill passed, this will be a pump and dump. If you have money to lose, I say buy in the lows. Regardless of whether this is a bullshit stock or not, it will fly high at some point before it fades away. The idea is to know when to sell and most times many penny players are to greedy and dreaming big and do not sell on a big up swing. Then they blame the company rather than themselves for not understanding the game of penny stocks. Penny stocks is no different than buying lottery tickets. It is not an investment until it hits NASDAQ or NYSE.
I am DEF holding tight!!
Hence why all the bickering back and forth on who is right or wrong on what is happening is pointless. Just like politics, there is way more going on behind the scenes than we will ever know. There are so many pumpers and dumpers on here, and no way to know who is telling the truth. Penny stocks are no different than playing the lottery. It should only be played with fun money you can afford to lose.
If you look at all the past filings there are a few that run 15 days past the date.
Thats weird because I picked up 12500 @.02992
Picked up another 12500 shares @.02992 Its all a gamble but I do think this will eventually pay out. All stocks are risks. If it fails, I am prepared to deal with that. But as they say. NO RISK, NO REWARD. I have invested in the big boy stocks too and lost. There is no sure thing in the stock market.
You spelled it out perfectly. Most of the nay sayers are the dreamers looking for the over night lottery win with money they do not have lose. They are essentially the GAMBLER. Penny Stock or not, this has to be treated like an other investment. It is going to go up and down. Rome was not built in a day, Nor will this company be. My 401K has taken huge hits over the last 5 months and now is coming back up. If I would have looked at it everyday, I would have wanted to panic sell and move my holdings around which would have cost me more loss. BUY AND HOLD, but with money you can afford to lose or get out as you should not be playing in the first place.
Judging by the low volume, I think the MM's are trying to create a panic sell off by dropping it into the .05's. However it is not working thus far. There are to many smart investors that are holding which should tell everyone that there is more positive than negative to this stock.
Thank you. Just trying to point to the obvious facts. There are a lot of people on here posting hype and negativity. It is becoming like the news media. The Lefty's, The Middle and The Right. You have to sift through all the crap and try to piece together the truth. It is too bad it has to be like that.
NITE CDEL both ended the trading day with raising the ASK to .065 I wonder why.
This is a promising News Release from Dec 27th, 2018
https://www.marketwatch.com/press-release/networknewsbreaks---sugarmade-inc-sgmd-meeting-the-swelling-demand-for-hydroponic-supplies-2018-12-27
Denny, yes I agree. There is a positive and negative way to look at this. Monday is almost here.
Everyone is missing the details. This stock has held steady for 2 weeks. The DETAIL that the nay sayers are missing is that it has closed at almost the same price everyday, but more interestingly is that the MM's make sure it closes just a small fraction in the negative from the open EVERYDAY. This does 2 things. It allows them to load up (because they know what is coming). 2ND, it automatically makes all the Market Pundits and forecasters keep the stock down graded and at a STRONG SELL CANDIDATE. This allows the MM's to keep stocking up before news hits without driving the stock to low. If this stock was going to tank on performance it would be down in the .02's. This stock is clearly being manipulated by MM's. The fact that it has held at almost the same price for 2 weeks with no news and mysteriously closes slightly below open each day but without plummeting the stock price is a CLEAT INDICATOR this is REAL and is going to FLY.
It almost seems as if maybe the company is quietly buying back shares or MM's are before they release financials. It seems like a pattern I have seen before with these stocks. They mysteriously drop while waiting on news/financials and they shoot up over night at a rate almost impossible to catch. The ones with money to lose who can risk the wait, make the money. The only people who should be playing this stock, are investors who have money to lose, not dreamers looking to retire using money they should be paying their bills with or feeding their family. Although I do think this stock will eventually pay out.
IMHO,,,